Date: Sun, 27 Oct 1996 20:20:09 -0500 (EST) From: Justin Schwartz <jschwart-AT-freenet.columbus.oh.us> Subject: Re: Re: M-TH: value theory and intuitive expla Fair enough. I spoke too hastily. There are MArxist economists who still think that the kinks can be worked out. Personally I am not persuaded that the game is worth the candle. I wish we could get Gil Skillman in on this, --Justin On Sun, 27 Oct 1996, Gerald Levy wrote: > Justin Schwartz wrote: > > > The problem is that the math doesn't work with the quantitative accounts. > > Either you run into contradictions, or you get ouit of them by specifying > > assumptions so unrealistic that it undermines the value odf the model, and > > in any case there's the Sraffa-Steedman fifth wheel objection. Shane is > > just saying one thing that quantative valur theory is supposed to do, Most > > mathematically inclined Marxist economists who have thought about it have > > concluded that value theory doesn't do the trick. --Justin > > That last sentence is an assertion which can not be supported, IMHO. > Certainly, there are *some* Marxists (e.g. from the September group) that > have come to that conclusion. Still others, like Foley-Dumenil from the > "New Solution" have come to a contrary perspective as have > Freeman-Kliman-Carchedi et al from a TSS perspective. > > As for Doug H's comment: in addition to what Shane Mage has added, I would > suggest that the empirical work of Shaikh-Tonak, Moseley, M. Smith, and > Cockshott-Cottrell-Michaelson be examined. > > Jerry > > > > --- from list marxism-thaxis-AT-lists.village.virginia.edu --- --- from list marxism-thaxis-AT-lists.village.virginia.edu ---
Display software: ArchTracker © Malgosia Askanas, 2000-2005